What are the responsibilities and job description for the Senior Payroll Specialist position at Volks Resources?
Job Description
Job Description
Job Title : Senior Payroll Specialist
Work Location : 305 Gregson Drive, Cary, NC 27511
Duration : 10 Months Contract
Note : Payroll Tax knowledge is required to include balancing quarterly taxes, creating W-2cs, balance adjustments for Gross / Subject / Taxable Wages and Taxes for FED, State and Local payroll taxes., Year End responsibilities.
Job Summary
The Consultant Payroll Tax demonstrates in depth knowledge in regard to US payroll tax law and regulation. This role will be responsible for monitoring and performing Client payroll tax activities, including all tax correspondences and transactions with the 3rd party payroll tax provider as well as internal controls to ensure accuracy, compliance, and timely filing & reporting to government authorities.
Operational Services Researches and remains current with payroll tax compliance laws and regulations, provides payroll tax awareness of applicable changes, and provides appropriate recommendations.
Collaborates with team along with various workstreams to resolve employee inquiries / cases within the SLA timeframe. Documents the source, seeks proper approvals, determines any necessary transactions, and documents them according to Client policies.
Accountable for analysis of payroll or employee data related entries that impact the accuracy of tax withholding or reporting. Helps identify drivers for these abnormalities, researches, analyses and documents as well as propose corrective action.
Responsible for recording, monitoring, and resolving agency tax notices / tracers with 3rd party provider & government agencies, as well as validating of all agency responses.
Performs detailed jurisdictional reconciliations for internal and external audits.
Creates ad hoc reporting to support multiple workstreams and functions.
Executes system testing to ensure required changes are performed accurately and timely.
Collectively collaborates with team to proactively monitor internal controls to ensure accuracy, compliance, and timely tax filing & reporting to government authorities.
Audits and validates payroll tax filings / reports submitted on behalf of Client by our 3rd party service provider.
Reviews and confirms that all payroll tax deposits are accurate and executed on-time to eliminate any late filing penalties.
Identifies unusual transactions, escalates when appropriate, coordinates resolution and interacts with 3rd party payroll provider.
Assists with Quarter Balancing & Year End processes with ADP Tax Services.
Initiates and records earnings and tax adjustments into the applicable payroll system, as requested by Client's 3rd party International Tax Partner (PWC). Ensures appropriate documentation exists to prove our employee's taxable wages and tax liabilities. Engaged in payroll transactions related to Expatriate & Inpatriate employees and monitors the impacts to their taxation.
Perform other related duties as required and assigned.
